Greenwave Technology Solutions, Inc. announced that it is on track to complete the scrapping of three ship-to-shore cranes at the Port of Virginia by September 30, 2022. The cranes, which are estimated to weigh 3,200 tons, are being dissembled by Crofton Industries with Greenwave processing and selling the scrap metal. The company is currently installing a second shredder at its Carrollton yard to process cars, household appliances and industrial products, along with a downstream system at its Kelford yard to increase its recovery yields of copper, aluminum, brass, steel, stainless steel, and other metals.

The shredder and downstream system are on track to come online in the coming months and are expected to double the Company's processing capacity, significantly growing its revenues and increasing its profit margins.